News articles about Summit Midstream Partners (NYSE:SMLP) have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Summit Midstream Partners earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media headlines about the pipeline company an impact score of 46.9721167612656 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
Shares of Summit Midstream Partners (NYSE SMLP) opened at $19.20 on Thursday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market capitalization of $1,457.45, a PE ratio of 11.78 and a beta of 1.66. Summit Midstream Partners has a 52 week low of $18.30 and a 52 week high of $26.50.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Tuesday, November 7th were paid a dividend of $0.575 per share. The ex-dividend date was Monday, November 6th. This represents a $2.30 annualized dividend and a dividend yield of 11.98%. Summit Midstream Partners’s dividend payout ratio is presently 157.53%.
SMLP has been the subject of several recent research reports. Zacks Investment Research upgraded Summit Midstream Partners from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Saturday, October 21st. BidaskClub downgraded Summit Midstream Partners from a “hold” rating to a “sell” rating in a report on Friday, September 15th. ValuEngine upgraded Summit Midstream Partners from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, Robert W. Baird lowered their price target on Summit Midstream Partners from $28.00 to $27.00 and set an “outperform” rating for the company in a report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $25.50.
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About Summit Midstream Partners
Summit Midstream Partners, LP focuses on developing, owning and operating midstream energy infrastructure assets. The Company’s segments include the Utica Shale, which includes its ownership interest in Ohio Gathering, as well as Summit Utica; the Williston Basin, which includes Bison Midstream, Polar and Divide and Tioga Midstream; the Marcellus Shale, which includes Mountaineer Midstream; the Barnett Shale, which includes DFW Midstream Services LLC (DFW Midstream), and the Piceance Basin /DJ Basins, which includes Grand River and Niobrara G&P.
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